Southeast Asia has emerged as the new Asian tiger at a time when China's economic growth weakens. While China and emerging markets have sold off this year, Global X FTSE ASEAN 40 ETF (ASEA) has gained 0.23% year to date and 7.22% in the past year. Its benchmark, iShares MSCI Emerging Markets Index (EEM), is down 4.6% year to date and 1.47% the past year. IShares FTSE China 25 Index Fund (FXI) has given up 8.16% year to date and 0.32% in the past